McLain Faces Indictment in Laundering
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DETROIT — Denny McLain, who won 31 games for the Detroit Tigers in 1968, bought a condominium in Puerto Rico and covered expenses for his private plane with money stolen from a meat company pension plan, a federal indictment released Thursday alleges.
McLain and two business partners are accused of transferring more than $12 million of pension plan money from Peet Packing Co. in Chesaning to Michigan National Bank, then converting $3 million of it for personal and Peet Packing use.
McLain, 52, of Brighton, who already has served 2 1/2 years in prison on racketeering, extortion and drug charges, was charged with five counts of conspiracy, theft of pension plan money, mail fraud and money laundering.
Also charged were Roger Smigiel, 44, of Rochester Hills; and Jeffrey Egan, 35, of Bloomfield Hills.
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